Who said valuing gold was hard?  (Crossing Wall Street)

The market is overbought.  (Pragmatic Capitalism, Trader’s Narrative)

Barry Ritholtz, “Would you rather be right, or make money?”  (Big Picture)

Just how invested are individuals in the gold rally?  (ROI also Money Game)

Cash is a call option.  (The Reformed Broker)

Vanguard ETFs are taking share.  (MarketBeat, Barron’s)

On the use and abuse of earnings estimates on Wall Street.  (Aleph Blog)

On building a tactical asset allocation model in a world of higher correlations.  (MarketSci Blog)

Not another bubble…this time correlation.  (FT Alphaville)

On the value of assembling a “committee of models.”  (CSS Analytics)

Diversification and the risk of missing the market’s rocket ships.  (The Psy-Fi Blog)

Is ‘volatility innovation‘ a priced, risk factor?  (Falkenblog)

Why investors fail.  (Systematic Relative Strength)

Trading less, earning more.  (Chicago Sean)

Don’t tell Costco (COST) we are still in a recession.  (24/7 Wall St.)

More on the AIG (AIG) “exit.”  (Felix Salmon, Kid Dynamite)

There are few signs of a turn in the commercial real estate market.  (VIX and More)

How Fitch wrecked the credit ratings duopoly.  (Free exchange)

The monetary spigots are open.  (WSJ, Big Picture, CBP)

“The only reasonable argument for higher multiples is higher rates, due to robust economic activity. If that’s the case, then QE II will never happen.”  (The Fly)

Time for an inflation target?  (WSJ, FT Alphaville)

The private sector is apparently shedding jobs.  (Marketwatch, EconomPic Data)

The demand for temporary staffing continues to increase.  (Value Plays)

Did we need TARP?  (Atlantic Business)

Can any one fix the mess that is the global currency markets?  (The Source, Free exchange)

Mexico offers a 100 year, 6% bond and it gets snapped up.  (Reuters)

An interview on behavioral finance with  Farnam Street.  (New Rules of Investing)

Blogonomics from the inside.  (NetNet)

Can VCs be value investors?  (Fortune Finance)

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